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Invesco

IVZ on NYSE. Invesco sells investment management to individuals and institutions worldwide. Market value $13.5bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

A big one-off write-off makes recent profit look smaller than the business earns, so we leave price to profit out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
3.7%five-year median

Yearly profit per dollar of owners' money: 4 cents. Above 10 is good.

Price to book
quarterly report to June 2026
1.1×

What you pay for each dollar of net assets: $1.08.

Earnings yield
past 12 months to June 2026
-2.3%

Profit per $100 you pay: $-2.30.

Quality score: 28 of 100. Price score: 48 of 100. Our list needs 70 on quality and 60 on price.

$30.50 a share, 48% above its 1-year low

Over the past year the price has ranged from $20.67 to $33.66.

Dividend: 2.8% a year

Paid every year for at least 5 years

Prices from Monday’s close (5 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$6.9bn$6.0bn$5.7bn$6.1bn$6.4bn
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.45bn0.45bn0.45bn0.45bn0.44bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsSlow, 0.7% a year
  • Buying back its own sharesYes, 3% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $1.8 billion last quarter, up 20% on a year ago.
  • Profit: $345 million, after a loss of $13 million a year ago.
  • Spare cash over the past 12 months: $1.9 billion, up from $1.2 billion.
  • About the same number of shares as a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$1.5bn
December 2024$1.6bn
March 2025$1.5bn
June 2025$1.5bn
September 2025$1.6bn
December 2025$1.7bn
March 2026$1.7bn
June 2026$1.8bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$55m
December 2024$209m
March 2025$171m
June 2025-$13m
September 2025$301m
December 2025-$1.2bn
March 2026$230m
June 2026$345m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
27 October 2026
Last annual report (10-K)
24 February 2026
Next quarterly (estimated, 10-Q)
3 November 2026

Who owns it

4 long-term investors we follow own it, down from 5 last quarter. 668 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

  • BlackRock, Inc.
    Passive investor
    8.1%
    Since 31 March 2025
  • 7.2%
    Since 31 March 2026
  • at least 4.6%
    (filed with 4 related holders)
    Since 20 May 2025
    What they said

    Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The sales of Shares by Reporting Persons reported below in Item 5 were done for portfolio management purposes. The Reporting Persons ceased to be beneficial owners of more than 5% of the…

    Read the filing
  • at least 3.9%−1.0 pts
    (filed with 3 related holders)
    Since 30 June 2026
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $11m.

  • WOOD PHOEBE A
    Director
    Sold
    Date
    11 September 2026
    Shares
    3,000
    Price
    $32.44
    Value
    $97,320
  • Butcher Stephanie
    Senior Managing Director
    Sold
    Date
    9 September 2026
    Shares
    45,095
    Price
    $32.28
    Value
    $1m
  • Lo Andrew Tak Shing
    Senior Managing Director
    Sold
    Date
    9 September 2026
    Shares
    100,840
    Price
    $32.20
    Value
    $3m
  • Lo Andrew Tak Shing
    Senior Managing Director
    Sold
    Date
    8 September 2026
    Shares
    42,530
    Price
    $32.84
    Value
    $1m
  • DUKES LAURA ALLISON
    Chief Financial Officer
    Sold
    Date
    4 September 2026
    Shares
    31,075
    Price
    $33.16
    Value
    $1m
  • Sharp Douglas J
    Senior Managing Director
    Sold
    Date
    31 October 2025
    Shares
    160,000
    Price
    $23.56
    Value
    $4m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 24 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 11 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Sales have barely grown: 0.7% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.